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ACCT2800 – Accreditation Council for Accountancy and Taxation Exam Review pdf

Credits: 3 (2/1/0)
Description: This course is designed to prepare students for the Accreditation Council for Accountancy and Taxation (ACAT) exam. It also serves as a capstone course covering financial accounting, internal control, professional ethics, business consulting services, managerial accounting, business law and taxation.
Prerequisites: ACCT1101 AND ACCT1120 AND ACCT2213 AND ACCT2255 AND ACCT2620
Corequisites: ACCT2622
Competencies:
  1. Perform the functions of the accounting cycle.
  2. Analyze risk and profitability.
  3. Evaluate internal control.
  4. Prepare the four financial statements.
  5. Describe cash versus accrual accounting.
  6. Define trusts and agency relationships.
  7. Calculate taxable income for different accounting entities.
  8. Describe the standards of ethical and professional conduct that apply to accounting and tax professionals.
  9. Define various components of law.
  10. Identify employee benefit plans.
  11. Prepare budgets.
  12. Describe accounting methods for assets, liabilities, and equity.
MnTC goal areas: (N/A)

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